November 29, 2016 - By Hazel Jackson · 0 Comments
Calpine Corp (NYSE:CPN) institutional sentiment increased to 1.24 in 2016 Q2. Its up 0.59, from 0.65 in 2016Q1. The ratio improved, as 105 investment managers increased or started new equity positions, while 161 sold and reduced their stakes in Calpine Corp. The investment managers in our partner’s database reported: 328.39 million shares, up from 324.54 million shares in 2016Q1. Also, the number of investment managers holding Calpine Corp in their top 10 equity positions decreased from 17 to 14 for a decrease of 3. Sold All: 51 Reduced: 110 Increased: 81 New Position: 24.
Calpine Corporation is a power generation company. The company has a market cap of $4.21 billion. The Firm is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. It has a 206.59 P/E ratio. The Company’s divisions include West , Texas and East (including Canada).
About 1.84 million shares traded hands. Calpine Corporation (NYSE:CPN) has declined 21.73% since April 26, 2016 and is downtrending. It has underperformed by 26.99% the S&P500.
Analysts await Calpine Corporation (NYSE:CPN) to report earnings on February, 10. They expect $0.04 EPS, down 78.95% or $0.15 from last year’s $0.19 per share. CPN’s profit will be $14.61M for 72.06 P/E if the $0.04 EPS becomes a reality. After $0.52 actual EPS reported by Calpine Corporation for the previous quarter, Wall Street now forecasts -92.31% negative EPS growth.
According to Zacks Investment Research, “CALPINE CORPORATION is helping meet the needs of an economy that demands more and cleaner sources of electricity. Calpine is a major U.S. power company, capable of delivering nearly 24,000 megawatts of clean, cost-effective, reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves.”
Ls Power Partners Ii L.P. holds 100% of its portfolio in Calpine Corporation for 2.56 million shares. Vega Energy Gp Llc owns 2.42 million shares or 29.07% of their US portfolio. Moreover, Goldentree Asset Management Lp has 21.13% invested in the company for 5.72 million shares. The New York-based Knighthead Capital Management Llc has invested 17.45% in the stock. Signpost Capital Advisors Lp, a New York-based fund reported 1.70 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 4 sales for $3.98 million net activity.
Ratings analysis reveals 64% of Calpine Corporation’s analysts are positive. Out of 14 Wall Street analysts rating Calpine Corporation, 9 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $13 while the high is $27. The stock’s average target of $19.21 is 66.61% above today’s ($11.53) share price. CPN was included in 26 notes of analysts from July 31, 2015. Citigroup maintained Calpine Corporation (NYSE:CPN) on Tuesday, March 29 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Friday, September 18. The company was maintained on Wednesday, August 24 by Suntrust Robinson. As per Tuesday, February 16, the company rating was maintained by RBC Capital Markets. The stock of Calpine Corporation (NYSE:CPN) has “Neutral” rating given on Monday, March 7 by SunTrust. The firm has “Hold” rating by Deutsche Bank given on Monday, November 2. The stock of Calpine Corporation (NYSE:CPN) has “Buy” rating given on Tuesday, August 25 by Deutsche Bank. The firm has “Buy” rating by Guggenheim given on Friday, January 29. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Neutral” rating by UBS given on Wednesday, November 2.
Calpine Corporation, incorporated on June 27, 1996, is a power generation company. The Firm is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s divisions include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil. The Firm operates its business through various divisions and subsidiaries.
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By Hazel Jackson